by Although the elections are over, there is still an economic ‘frankenstorm. If you ask your friends about these topics, they are likely to be concerned about their jobs and retirement accounts as well as the ability to provide for the essential needs of life buying physical gold in an IRA.
People tend to be more concerned about the future if the news isn’t updated regularly. To avoid certain disaster, people are turning to precious and gold IRA rollover funds. This is a fantastic opportunity to learn more about gold-backed, or gold-backed, investing.
Did You Lose or Nearly Lose Your Job in 60 Days?
Many companies have already started to layoff workers to cut costs on their insurance. This will undoubtedly put enormous pressure on consumer confidence this holiday season. Surprisingly, you have a 60-day window to transfer your retirement savings to another holder after losing your job.
A precious metals IRA is transferable without the need for an employer. Instead, you will be able to work with an independent, gold-backed IRA broker in order to set up the account. In addition to protecting your current investment you will not be required to pay any penalties for making this transfer. Individuals who feel they might lose their job or are at risk of losing it can invest in a precious-metal or gold IRA for the same security.
Retirement Savings Accounts Not Being Wiped Out
Do you remember when you arrived at work to discover that your IRA had lost 60% or less from its previous value? Chances are you were shocked when you discovered that your life savings had been stolen in less than an hour.
As time passed, however, you learned that there was no way to get the money back except to try to invest in paper markets. These were just as risky as “blue stocks” and would fail. You may have noticed, however, that precious metals were still valued even after the economic downturn.
To this day, you can feel confident that your investment in a 401k gold will remain intact and grow at a faster rate then paper stocks.